Searching for the top money-making opportunities in the international trade of exports and imports between the Philippines and Canada? Look no farther. In this post we rank the 10 most lucrative products exchanged by the two countries in 2018.
All told, the Philippines sold US$581.7 million worth of exported goods to Canadian importers during 2018. That amount represents an 11% increase from the $523.9 million in Philippine sales to Canada earlier in 2016.
In contrast, imports of Canadian products into the Philippines amounted to $818.7 million, -$237 million less than the tally for exports from the Philippines to Canada. Filipino purchases of Canada’s exported goods almost doubled from $418 million in 2016 nailing down a 95.9% uptick.
Top 10 Filipino Exports with Canada
The following major export products represent almost three-quarters (72%) of total shipments from the Philippines to Canada. Shown within parenthesis is the corresponding percentage value for each product in 2018.
- Insulated wire/cable: US$235.5 million (40.5% of Filipino-to-Canada exports)
- Copper ores, concentrates: $66 million (11.3%)
- Integrated circuits/microassemblies: $34.8 million (6%)
- Locks, lock-keys: $19.3 million (3.3%)
- Coconuts: $15.7 million (2.7%)
- Printing machinery: $12.1 million (2.1%)
- Miscellaneous preserved fruits: $11 million (1.9%)
- Bread, biscuits, cakes, pastries: $8.9 million (1.5%)
- Fruit and vegetable juices: $7.9 million (1.4%)
- Cases, handbags, wallets: $7.7 million (1.3%)
Printing machinery represents the fastest-growing Filipino export to Canada. That product category expanded in value by 9,526% from $126,000 in 2016.
In second place was integrated circuits and microassemblies, which accelerated by 156.7%. Filipino locks and lock-keys finished third via its 110.7% appreciation, trailed by cases, handbags and wallets with a 44.3% uptick.
Two top product categories declined from 2016 to 2018 namely the largest category insulated wire or cable (down -22.6%) and miscellaneous preserved fruits (down -15.7%).
Top 10 Filipino Imports from Canada
Major Canadian exports to the Philippines range from traditional goods like wood and wheat to advanced technical products for aerospace industries.
- Sawn wood: US$149.6 million (18.3% of Filipino imports from Canada)
- Aircraft, spacecraft: $120.5 million (14.7%)
- Wheat: $82.3 million (10%)
- Swine meat: $68 million (8.3%)
- Wood carpentry, builders’ joinery: $36.5 million (4.5%)
- Copper ores, concentrates: $31.1 million (3.8%)
- Iron ores, concentrates: $30.2 million (3.7%)
- Coins: $28.2 million (3.4%)
- Potassic fertilizers: $25 million (3%)
- Poultry meat: $23.3 million (2.9%)
Six Canadian products imported into the Philippines grew in value from 2016 to 2018. Four among these accelerated by triple-digits: wheat (up 296.8%), iron ores and concentrates (up 227.4%), sawn wood (up 110%) then swine meat (up 103.8%).
Philippine import purchases of Canadian poultry improved by a more tepid 31.6% over the three-year period, but still ahead of the 4.5% gain for potassic fertilizers.
Wood carpentry and builders’ joinery posted the severest decline among the top exports from Canada to the Philippines, down by -22.1% since 2016.
Central Intelligence Agency, The World Factbook, Field Listing: Exports. Accessed on April 8, 2019
Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on April 8, 2019